Although BSC is known as a successful performance measurement tool amongst managers, there have been criticisms of that including: How financial and non-financial measures are linked together? Are relationships in a direct way or there is bi-directional casualty? To overcome the limitations to current BSC theory, this paper aims to describe main factors of each balanced scorecard BSC perspectives and investigate interrelation between them with consideration to automotive parts sector in Iran.
Balanced Scorecard framework Figure Diehl Group profile Figure Diehl Controls logistics scope Figure Logistics balanced scorecard — strategic objectives Figure Logistics balanced scorecard — KPI dashboard Figure Nevertheless most industrial companies still focus on production efficiency, creating non-market oriented business solutions that disable fast adaption to changing customer requirements.
In more and more saturated markets a technology-driven competitive advantage is often quickly compensated by low-cost countries. In contrast high service quality established by efficient logistics processes can hardly be adopted in short time. After a short theoretical survey of these tools, a suitable logistics balanced scorecard will be developed for the supply chain activities of Diehl Controls, an electronics manufacturer for home appliances.
In a further step, the controlling of these objectives will be ensured by creating suitable performance indicators.
As mentioned above the SCOR model and the balanced scorecard are currently widely used and approved in business economics. In a first step, the theoretical concept of the SCOR model will be shown.
Furthermore the setup of a unique performance measurement system should be implemented as well as a basis for future developments of suitable supply chain management software. The model provides the following elements: Furthermore, each process category and element is described by best practice examples.
On the top level the supply chain as a whole is characterized by aggregated performance attributes, which are based on the lower process levels.
Main characteristics of the supply chain are height, depth, width and volume. As shown in the figure below model these processes are divided into the five main process types Plan, Source, Make, Deliver and Return. Further business processes are not included in the model. As the SCOR model is in terms of logistics management a holistic tool, integrating suppliers and customers in the scope, it provides the opportunity of performance measurement along the whole value chain with standardized performance indicators.Balanced Scorecard (BSC) in the modern business organization has become a more complex and diverse framework of reference for analysis and its ever increasing importance against the backdrop of the evolving Enterprise Resource Planning (ERP) environment cannot be ignored due to the fact that BSC isn't a mere framework of reference to measure critical success factors and their performance.
Balanced Scorecarding A Balanced Scorecard is a systems thinking-based tool/methodology/process that is deeply rooted in the failures of reengineering, downsizing, mergers and a plethora of “structural quick-fixes” that have been.
Learning Team Assignment: Balanced Scorecard Case Paper o Read and analyze Case 3, The Coors Case Balanced Scorecard, at the Institute of Management Accountants Web Link located in Week Three's learning materials.
Managerial Accounting Final Essay – Managerial Accounting Abstract Discussing the importance of managerial accounting for managers and business leaders who are not accountants.
Understanding accounting principles, job costing, decisions for capital investments, and central versus decentralized business rutadeltambor.comrial Accounting . The Balanced Scorecard & the Financial Perspective.
Introduction. CattCounty ReHab (Cattaraugus County ReHabilitation Center) is a not for profit making organization, the organization did a noble job incorporating a Balanced Score Card (BSC) in the strategic planning process.
Assignment 1: ROI and Break-Even Analysis Techniques Please reference text and one other scholarly reference in your response to this assignment.. Return on investment (ROI) and break-even analysis are used by businesses to determine the value of a proposed investment or make decisions about where their money is best spent.